ETF Portfolio Partners Inc. bought a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 439,235 shares of the company’s stock, valued at approximately $40,695,000. Vanguard Mega Cap Growth ETF accounts for 10.2% of ETF Portfolio Partners Inc.’s investment portfolio, making the stock its 2nd largest holding. ETF Portfolio Partners Inc. owned about 0.12% of Vanguard Mega Cap Growth ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MGK. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after purchasing an additional 48,165 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Mega Cap Growth ETF by 399.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock worth $312,423,000 after acquiring an additional 2,842,779 shares during the period. Angeles Wealth Management LLC increased its position in Vanguard Mega Cap Growth ETF by 402.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock worth $252,281,000 after purchasing an additional 2,298,377 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock valued at $195,372,000 after purchasing an additional 14,064 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Vanguard Mega Cap Growth ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 466,332 shares of the company’s stock valued at $171,349,000 after buying an additional 9,145 shares in the last quarter.
Vanguard Mega Cap Growth ETF Stock Performance
Vanguard Mega Cap Growth ETF stock opened at $88.78 on Friday. The firm has a market capitalization of $33.41 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $95.53. The stock’s fifty day moving average is $91.13 and its two-hundred day moving average is $88.17.
Vanguard Mega Cap Growth ETF Company Profile
The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.
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